Fortum Oyj (OTCMKTS:FOJCY – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $5.11, but opened at $5.3120. Fortum Oyj shares last traded at $5.3120, with a volume of 343 shares trading hands.
Analyst Ratings Changes
Separately, UBS Group upgraded shares of Fortum Oyj from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Check Out Our Latest Analysis on FOJCY
Fortum Oyj Stock Performance
The stock’s 50-day moving average price is $5.12 and its 200-day moving average price is $4.87.
Fortum Oyj Company Profile
Fortum Oyj is a Finnish energy company focused on clean electricity generation, reliable energy supply and the decarbonization of industry. Its portfolio includes nuclear, hydropower, wind and solar generation, along with electricity sales and energy services for residential, commercial and industrial customers.
The company also provides district heating and cooling, energy-efficiency solutions and other services designed to help customers reduce emissions. Fortum’s primary operating markets are in the Nordic region, particularly Finland and Sweden, with activities and customers in other European markets.
Fortum was established in 1998 through the merger of Imatran Voima and Neste’s energy businesses.
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